| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13.8B | $12.4B | $11.8B | 11.6% | 16.9% |
| Op. Income | $4.1B | $3.3B | $4.5B | 27.0% | -8.1% |
| Gross Margin | 73.0% | 72.3% | 79.8% | 0.8pp | -6.7pp |
| Net Margin | 24.0% | 15.3% | 26.9% | 8.7pp | -2.9pp |
| EPS (Diluted) | $1.19 | $0.68 | $1.16 | 75.0% | 2.6% |
| Free Cash Flow | $3.7B | $1.6B | $2.6B | 126.7% | 45.7% |
| Item | Amount |
|---|---|
| REVENUE | $13.8B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $10.1B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $2.3B |
| General & Administrative | $400M |
| SG&A Expenses | $2.7B |
| Other Expenses | $1.1B |
| Operating Expenses | $6.0B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $4.1B |
| Interest Income | $105M |
| Interest Expense | $955M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | -$210M |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $1.6B |
| EBIT | $4.1B |
| EBITDA | $5.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $13.8B |
| Cost of Revenue | $3.7B |
| GROSS PROFIT | $10.1B |
| R&D Expenses | $2.2B |
| Selling & Marketing | $2.3B |
| General & Administrative | $400M |
| SG&A Expenses | $2.7B |
| Other Expenses | $1.1B |
| Operating Expenses | $6.0B |
| Cost & Expenses | $9.7B |
| OPERATING INCOME | $4.1B |
| Interest Income | $105M |
| Interest Expense | $955M |
| Other Income/Expenses | -$1.0B |
| INCOME BEFORE TAX | $3.1B |
| Income Tax Expense | -$210M |
| Net Income from Continuing Ops | $3.3B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3.3B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3.3B |
| D&A | $1.6B |
| EBIT | $4.1B |
| EBITDA | $5.7B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $3.3B |
| Depreciation & Amortization | $1.6B |
| Stock-Based Compensation | $964M |
| Deferred Income Tax | -$914M |
| Other Non-Cash Items | $174M |
| Change in Working Capital | $518M |
| OPERATING CASH FLOW | $5.6B |
| Capital Expenditure | -$1.9B |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$260M |
| Sales/Maturities of Investments | $561M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.6B |
| Net Debt Issuance | -$1.4B |
| Common Stock Repurchased | -$313M |
| Common Dividends Paid | -$1.1B |
| Other Financing Activities | -$104M |
| NET CASH FROM FINANCING | -$2.4B |
| FREE CASH FLOW | $3.7B |
| Net Change in Cash | $1.5B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9.8B |
| Short-Term Investments | $422M |
| Net Receivables | $6.9B |
| Inventory | $0 |
| Other Current Assets | $3.9B |
| TOTAL CURRENT ASSETS | $21.0B |
| PP&E (Net) | $17.1B |
| Goodwill | $62.3B |
| Intangible Assets | $9.8B |
| Long-Term Investments | $0 |
| Tax Assets | $12.2B |
| Other Non-Current Assets | $12.0B |
| TOTAL NON-CURRENT ASSETS | $113.4B |
| TOTAL ASSETS | $134.4B |
| Account Payables | $1.2B |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $9.0B |
| Other Current Liabilities | $6.8B |
| TOTAL CURRENT LIABILITIES | $23.1B |
| Long-Term Debt | $86.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5.8B |
| Other Non-Current Liabilities | $17.5B |
| TOTAL NON-CURRENT LIABILITIES | $109.7B |
| TOTAL LIABILITIES | $132.8B |
| Common Stock | $30.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$27.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.5B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $483M |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $134.4B |
| Total Debt | $90.5B |
| Net Debt | $80.7B |
